Seems like overall the report is not good. Do you think the numbers are accurate?
It’s a weird report as the household survey showed +113k while the establishment survey showed +616k. Quite a huge divergence.
Participation rate increased which is positive.
U6 dropped to 12.7% which is the lowest since 2008.
Private sector jobs were +142k (construction +48k which is very positive) and the public sector shed jobs again (also positive)
Bottom line it’s a pretty luke warm report which is consistent with the slow growth we have been seeing.
Accurate? More like fake.